Overview
- Ford will record a $19.5 billion charge, mostly in Q4 2025, including about $8.5 billion for canceled EV models, $6 billion from dissolving the SK On battery joint venture, and $5 billion in program-related costs.
- Production of the current F-150 Lightning has ended, with a replacement extended‑range electric version targeting 700+ miles to be built in Dearborn; launch timing and pricing were not disclosed.
- Ford canceled its next‑gen all‑electric T3 truck and planned electric vans, with an affordable gas and hybrid commercial van slated for Ohio Assembly in 2029.
- Manufacturing will be redeployed: Tennessee’s EV center is renamed Tennessee Truck Plant to build gas pickups starting in 2029, and a midsize EV pickup on Ford’s Universal platform is scheduled for Louisville in 2027 with a roughly $30,000 target price.
- The company is shifting toward hybrids, EREVs and smaller BEVs and launching a battery energy‑storage business targeting 20 GWh of annual shipments in 2027 after roughly $2 billion of near‑term investment, while raising 2025 EBIT guidance to about $7 billion.